+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish 2618 Setup on 15M here on EURJPY, and I think this is perfect counter trend trading opportunity . You may ask why? We don't only have a conservative entry reason in the face of this 2618 but we can stack on it. The Double Bottom(foundation of 2618 Setup) is right at Structure Low - look...
Hey traders, the USDCAD as recently just broken a level of previous structure support opening the doors to some new analysis & new predictions. As I break down this price chart the opportunities that I have on my radar are LONG: A bullish Advanced Gartley Formation and a CTS trade featuring an AB=CD pattern at previous structure support. SHORT: If we get a...
As USDJPY goes downwards, found support around @100.900, retested six times in the last days, so it has become a major level of structure, Right now waiting for a better price to enter in a long position Optional targets may be the previous structure high Remember Traders "Eyes on your mind, not on your trade" Thanks CortesTeam
Interesting situation that we have here on the EURUSD dollar. 1st and foremost the long that I took on the Sunday achieved initial targets at 1.1148, stops have moved to lock targets in & I'm shooting for 1.1220's to remove the next part of my position. (I'll walk you through this trade in Thursday's Video, if you haven't seen it already) However, we also have a...
Nothing fancy here, just normal support/resistance rules with few bonuses What i do like of the setup is the 100 EMA acting as resistance, and the .618 retracement of the last impulse leg coming right around too. Nice divergence overbought in the RSI forming a double top, let's see. Keep it simple, and focus on the process Twitter: @JeanC680 Jean
A simple structure trade. If we make it up to the resistance zone around 1.4530-14550 I anticipate sellers to re-enter and we should then see a move down towards 1.4460-1.4450 if the sellers are able to stay in control.
Look for sells in green area! Target1: 38.20% retracement: 1.1135 Target2: 61.80% retracement: 1.1100 Stops go above X point! Let the pips be with us ! Good luck.
One of the trades looked at in this morning's Live Trading Room session. Long USDCAD at 1.3019's on a retest of previous structure support. Used an aggressive entry, but this opportunity as an excellent risk to reward on it. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade...
As we go down making lower lows, the price is getting close to a very nice point of confluence at @134.000 even handle At this point we have the following: 61,8% fib retracement 1,272% fib extension Structure alignment: support We think we might get filled in this trade next week Remember Eyes on your mind, not on your trade Cortes Team Thanks !
After a dive of the past two weeks finally we are approaching an important level of structure this support is in confluence with a minor fibonacci (0.50%) In the higher time frames this could be seen as a Trend Continuation Trade, but for us, we just want to chunk some pips out of this leviathan that is why 61.8% is target 2 Remember guys: Eyes on your mind,...
I just put out a video breaking down this trade that I entered last night. Here is the link.https://youtu.be/FZDU2nAuipc. Its a simple trend continuation trading setup, but it shows the value of knowing how to read structure. Also those who have already seen part 1 of the "pro trader course" that I am putting out on youtube, part 2 will be put out on 7/31/16. We...
+++ Don't forget to LIKE & Follow+++ I have my eyes on potential structure trade on 1H, USDJPY - looking for shorts. If you look left you will see that price closed lower than PB (PullBack), confirming a bearish rotation in the market. We can clearly see a kill zone(blue box) between previous PB and structure - and it should come as a surprise for you that price...
When looking at the daily for AUDUSD, I believe there's a clear uptrend visible, indicated by the orange trend line. H4 also shows lower lows and higher highs . Moreover, the lower level of the support area (indicated by the green arrows) has been tested multiple times and seems to be holding . These are indicators that the pair could trend higher. We've seen...
Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS) During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily...
Nothing much on the pairs in my trading portfolio, so looking at a few of my bench warmers in order to get some reps in before our Live Trading Day starts at 8. We've had some decent back and forth action recently on the EURAUD and although this type of formation typically breaks out to the bullish side, I wouldn't be surprised to see a ppush down to 1.4700's...
We have a few things happening here on the USDJPY. First off we've had the completion of a Bearish Advanced Bat Formation at 105.88. Because the required risk to involve myself in this trade is outside of my allowable range, i've involved myself using structure & price action. As we approach the pre-brexit highs, you'll notice that not only has the momentum...